The Global Industrial Coatings Market size is valued at around USD 107.19 billion in 2024 & is projected to reach USD 132.18 billion by 2030. The market is also estimated to grow at a CAGR of around 4.30% during the forecast period, i.e., 2025-30. Top leading companies in the Global Industrial Coatings Market includes:
Kansai Paint Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, Llc, Jotun A/S, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Rpm International Inc., Hempel A/S, Basf Coatings Gmbh, Advanced Nanotech Lab, The Chemours Company, Noroo Paint & Coatings, Weilburger Coatings, Beckers Group and others.
Global Industrial Coatings Market Opportunity:
Increasing Demand of Bio-Based Coatings to Present Ample Opportunities for Market Growth – Governments and organizations across the US, Europe, and the UK, among others, impose stringent regulations to reduce the environmental footprint of the painting and coating industry. As a result, paint and coating companies have been pressed to follow strict guidelines and transition to the manufacturing of green industrial coatings. Furthermore, the broader use of bio-based coatings in aviation, marine, industrial and medical sectors is booming due to sustainability and regulatory pressures, among others. For instance, in 2023, the International Maritime Organization banned the presence of cybutryne in hull coatings. This growing sustainable activity and regulation from end-use industries is projected to provide new opportunities for bio-based coating in the coming years.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Technology
-Water-Borne Coatings- Market Size & Forecast 2019-2030, (Thousand Tons)
-Solvent-Borne Coatings- Market Size & Forecast 2019-2030, (Thousand Tons)
-Powder-Based Coatings- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By Resin Type
-Acrylic Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Alkyd Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Epoxy Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polyester Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polyurethane Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Fluoropolymer Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By End-Use Industry
-General Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
-Marine- Market Size & Forecast 2019-2030, (Thousand Tons)
-Automotive and Vehicle Refinish- Market Size & Forecast 2019-2030, (Thousand Tons)
-Electronics- Market Size & Forecast 2019-2030, (Thousand Tons)
-Aerospace- Market Size & Forecast 2019-2030, (Thousand Tons)
-Oil and Gas- Market Size & Forecast 2019-2030, (Thousand Tons)
-Mining- Market Size & Forecast 2019-2030, (Thousand Tons)
-Power Generation- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons).
The Global Industrial Coatings Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025-2030 at the global level. According to the analysis, the market has been further classified as:
Based on Technology:
- Water-Borne Coatings
- Solvent-Borne Coatings
- Powder-Based Coatings
- Others
The solvent-borne segment accounts for the majority of the market share on account of their rapid drying ability, making them well-suited for high-speed production processes. These coatings create a durable and seamless surface on different materials, such as metal, plastic, wood, and concrete. Furthermore, their exceptional bonding ability enhances protection against harm caused by corrosion, wear-and-tear factors, and environmental threats. Moreover, these coatings offer an extensive range of customizable finishing options to meet aesthetic preferences or functional needs with ease.
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Global Industrial Coatings Market Geographic Reach:
The Geographic Reach of the Global Industrial Coatings Market evaluates the spread and significance of Global Industrial Coatings market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: Saudi Arabia, The UAE, South Africa, Rest of Middle East & Africa.
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